# STAG Industrial, Inc.

Summary updated: 2026-10-02T16:09:11.508803Z
Canonical: https://finbar.com/research/companies/stag-industrial-inc

## Overview

STAG Industrial, Inc. is a U.S. real estate investment trust focused on acquiring, owning, developing, and operating industrial properties across the United States. Its mission is to deliver attractive long-term stockholder returns by growing cash flow through disciplined investment in high-quality real estate while maintaining a strong balance sheet. [1](https://app.finbar.com/go?id=P59664401)[2](https://app.finbar.com/go?id=P20959032)

As of June 30, 2026, the company’s portfolio comprised 606 buildings totaling approximately 122.6 million square feet across 41 states. [3](https://www.stagindustrial.com/)[4](https://www.stagindustrial.com/wp-content/uploads/2026/08/Press-Release-SP-Rating.pdf) For scale, STAG reported 2025 total operating revenue of approximately $845.2 million. [5](https://app.finbar.com/go?id=T1577452)
[1](https://app.finbar.com/go?id=P59664401)[2](https://app.finbar.com/go?id=P20959032)[3](https://www.stagindustrial.com/)[4](https://www.stagindustrial.com/wp-content/uploads/2026/08/Press-Release-SP-Rating.pdf)[5](https://app.finbar.com/go?id=T1577452)[3](https://www.stagindustrial.com/)[4](https://www.stagindustrial.com/wp-content/uploads/2026/08/Press-Release-SP-Rating.pdf)

## Products & services

STAG Industrial offers warehouse, distribution, and light-manufacturing space for lease. Its portfolio spans Class A and B industrial properties and includes occupied, partly vacant, and vacant buildings; as of June 30, 2026, it comprised 606 buildings totaling 122.6 million square feet. [6](https://app.finbar.com/go?id=P143938575) [7](https://www.stagindustrial.com/acquisitions/)

Buildings vary in size and specifications rather than following one standard design. For example, a 2025-acquired warehouse in Humble, Texas, offers 462,250 square feet, 36-foot clear heights, 84 dock doors, four drive-in doors, and 17,984 square feet of office space. A separate two-building logistics center acquisition totaled 552,240 square feet, with 32-foot clear heights and different dock-door counts by building. [8](https://www.jll.com/en-us/newsroom/jll-closes-sale-of-portnorth59-in-northeast-houston) [9](https://www.jll.com/en-us/newsroom/jll-closes-sale-of-kci-logistics-industrial-portfolio)

Services and tenant solutions include property and asset management, leasing, building expansions, build-to-suit construction, sale-leasebacks, and sustainability upgrades. [10](https://www.stagindustrial.com/asset-management/) [11](https://www.stagindustrial.com/wp-content/uploads/2023/03/2023-Customer-Solutions-Flyer.pdf) Most tenants have triple-net leases, with tenants responsible for building-related costs and obligations. [12](https://app.finbar.com/go?id=P143938831) STAG reports one operating segment, with revenue derived from rent; it does not separately report revenue by warehouse, distribution, or manufacturing use. [13](https://app.finbar.com/go?id=P143938592)
[6](https://app.finbar.com/go?id=P143938575)[13](https://app.finbar.com/go?id=P143938592)[12](https://app.finbar.com/go?id=P143938831)[7](https://www.stagindustrial.com/acquisitions/)[8](https://www.jll.com/en-us/newsroom/jll-closes-sale-of-portnorth59-in-northeast-houston)[9](https://www.jll.com/en-us/newsroom/jll-closes-sale-of-kci-logistics-industrial-portfolio)[10](https://www.stagindustrial.com/asset-management/)[11](https://www.stagindustrial.com/wp-content/uploads/2023/03/2023-Customer-Solutions-Flyer.pdf)

## Geographic presence

STAG Industrial’s property operations are in the United States. As of June 30, 2026, its portfolio comprised 606 buildings totaling 122.6 million square feet across 41 states. [3](https://www.stagindustrial.com/) The company’s reported market-level rental-revenue data identify Chicago as its largest listed market, followed by Greenville, South Carolina, Minneapolis, Columbus, and Detroit. [14](https://app.finbar.com/go?id=P143938851)

STAG’s principal executive office is in Boston, Massachusetts; the company also lists an office in Dallas, Texas. [15](https://app.finbar.com/go?id=P143938515)
[14](https://app.finbar.com/go?id=P143938851)[15](https://app.finbar.com/go?id=P143938515)[3](https://www.stagindustrial.com/)

## Business segments

STAG Industrial, Inc. reports one operating and reportable segment: real estate operations. The segment’s focus is acquiring and operating industrial properties, individually or in small portfolios, in CBRE-EA Tier 1 U.S. industrial markets. [16](https://app.finbar.com/go?id=P75006862)

The company manages its operations on an aggregated, single-segment basis; substantially all consolidated revenue, expenses, and assets are attributable to that segment. Accordingly, the real estate operations segment represents approximately 100% of reported revenue, with no other separately reported business segments. [13](https://app.finbar.com/go?id=P143938592)[16](https://app.finbar.com/go?id=P75006862) The latest available filing identified in this research is the 2026 second-quarter Form 10-Q, for the quarter ended June 30, 2026. [13](https://app.finbar.com/go?id=P143938592)
[16](https://app.finbar.com/go?id=P75006862)[13](https://app.finbar.com/go?id=P143938592)

## Company history

STAG Industrial was formed in Maryland on July 21, 2010, and began operations after completing its initial public offering and related formation transactions on April 20, 2011; its common shares began trading on the New York Stock Exchange. [17](https://www.sec.gov/Archives/edgar/data/1479094/000104746912002371/R7.htm) [18](https://www.gipartners.com/news/stag-industrial-inc-closes-initial-public-offering)

The company expanded substantially in its first decade: its portfolio grew from 93 properties totaling 14.2 million square feet around its IPO to 501 buildings and approximately 100.1 million rentable square feet by June 30, 2021. [19](https://www.stagindustrial.com/wp-content/uploads/2020/06/STAG-Industrial-Q2-2020.pdf) [20](https://www.stagindustrial.com/wp-content/uploads/2021/08/Q221_Stag_Digital_Final_v2.pdf) On July 1, 2022, William R. Crooker became chief executive officer, while founder-era CEO Benjamin S. Butcher became executive chair. [21](https://www.stagindustrial.com/2022/07/05/stag-industrial-appoints-bill-crooker-as-ceo-ben-butcher-as-executive-chair-and-mike-chase-as-evp/)
[17](https://www.sec.gov/Archives/edgar/data/1479094/000104746912002371/R7.htm)[18](https://www.gipartners.com/news/stag-industrial-inc-closes-initial-public-offering)[19](https://www.stagindustrial.com/wp-content/uploads/2020/06/STAG-Industrial-Q2-2020.pdf)[20](https://www.stagindustrial.com/wp-content/uploads/2021/08/Q221_Stag_Digital_Final_v2.pdf)[21](https://www.stagindustrial.com/2022/07/05/stag-industrial-appoints-bill-crooker-as-ceo-ben-butcher-as-executive-chair-and-mike-chase-as-evp/)

## Sources

1. [STAG Industrial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P59664401)
2. [STAG Industrial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P20959032)
3. [www.stagindustrial.com](https://www.stagindustrial.com/)
4. [www.stagindustrial.com](https://www.stagindustrial.com/wp-content/uploads/2026/08/Press-Release-SP-Rating.pdf)
5. [STAG Industrial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T1577452)
6. [STAG Industrial, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143938575)
7. [www.stagindustrial.com](https://www.stagindustrial.com/acquisitions/)
8. [www.jll.com](https://www.jll.com/en-us/newsroom/jll-closes-sale-of-portnorth59-in-northeast-houston)
9. [www.jll.com](https://www.jll.com/en-us/newsroom/jll-closes-sale-of-kci-logistics-industrial-portfolio)
10. [www.stagindustrial.com](https://www.stagindustrial.com/asset-management/)
11. [www.stagindustrial.com](https://www.stagindustrial.com/wp-content/uploads/2023/03/2023-Customer-Solutions-Flyer.pdf)
12. [STAG Industrial, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143938831)
13. [STAG Industrial, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143938592)
14. [STAG Industrial, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143938851)
15. [STAG Industrial, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P143938515)
16. [STAG Industrial, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P75006862)
17. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1479094/000104746912002371/R7.htm)
18. [www.gipartners.com](https://www.gipartners.com/news/stag-industrial-inc-closes-initial-public-offering)
19. [www.stagindustrial.com](https://www.stagindustrial.com/wp-content/uploads/2020/06/STAG-Industrial-Q2-2020.pdf)
20. [www.stagindustrial.com](https://www.stagindustrial.com/wp-content/uploads/2021/08/Q221_Stag_Digital_Final_v2.pdf)
21. [www.stagindustrial.com](https://www.stagindustrial.com/2022/07/05/stag-industrial-appoints-bill-crooker-as-ceo-ben-butcher-as-executive-chair-and-mike-chase-as-evp/)

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